apricus wealth LLC Buys 3,935 Shares of Citigroup Inc. (NYSE:C)

apricus wealth LLC grew its stake in Citigroup Inc. (NYSE:C) by 8.9% during the first quarter, Holdings Channel.com reports. The fund owned 48,315 shares of the company’s stock after purchasing an additional 3,935 shares during the quarter. Citigroup makes up 2.0% of apricus wealth LLC’s investment portfolio, making the stock its 14th biggest position. apricus wealth LLC’s holdings in Citigroup were worth $3,430,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Orion Capital Management LLC bought a new position in Citigroup in the 4th quarter worth about $28,000. American National Bank & Trust bought a new position in shares of Citigroup during the first quarter valued at approximately $29,000. Mascagni Wealth Management Inc. bought a new position in shares of Citigroup during the fourth quarter valued at approximately $34,000. Creative Capital Management Investments LLC bought a new position in shares of Citigroup during the fourth quarter valued at approximately $35,000. Finally, Sierra Ocean LLC bought a new position in shares of Citigroup during the fourth quarter valued at approximately $37,000. 71.72% of the stock is currently owned by institutional investors.

Citigroup Trading Up 0.5%

NYSE C opened at $78.43 on Thursday. The company has a fifty day simple moving average of $70.26 and a two-hundred day simple moving average of $72.91. The stock has a market cap of $146.49 billion, a P/E ratio of 13.18, a P/E/G ratio of 0.64 and a beta of 1.33. Citigroup Inc. has a 12-month low of $53.51 and a 12-month high of $84.74. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 1.50.

Citigroup (NYSE:C) last posted its quarterly earnings results on Tuesday, April 15th. The company reported $1.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.84 by $0.12. The business had revenue of $21.60 billion during the quarter, compared to analysts’ expectations of $21.34 billion. Citigroup had a net margin of 7.43% and a return on equity of 6.62%. On average, analysts forecast that Citigroup Inc. will post 7.53 earnings per share for the current year.

Citigroup Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, May 23rd. Investors of record on Monday, May 5th were issued a dividend of $0.56 per share. The ex-dividend date was Monday, May 5th. This represents a $2.24 annualized dividend and a dividend yield of 2.86%. Citigroup’s dividend payout ratio (DPR) is presently 35.39%.

Insider Buying and Selling

In related news, Director John Cunningham Dugan sold 4,417 shares of the firm’s stock in a transaction on Wednesday, April 30th. The shares were sold at an average price of $68.26, for a total transaction of $301,504.42. Following the completion of the transaction, the director now owns 13,048 shares of the company’s stock, valued at $890,656.48. This trade represents a 25.29% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.08% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. Piper Sandler reiterated an “overweight” rating and set a $77.00 price objective (down from $83.00) on shares of Citigroup in a research note on Wednesday, April 16th. Truist Financial dropped their price objective on shares of Citigroup from $84.00 to $79.00 and set a “buy” rating on the stock in a research note on Wednesday, April 16th. Royal Bank of Canada dropped their price objective on shares of Citigroup from $85.00 to $78.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 16th. The Goldman Sachs Group increased their price objective on shares of Citigroup from $75.00 to $85.00 and gave the company a “buy” rating in a research note on Tuesday. Finally, Cowen assumed coverage on shares of Citigroup in a research note on Wednesday, May 14th. They set a “hold” rating on the stock. Six analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, Citigroup currently has an average rating of “Moderate Buy” and an average target price of $84.30.

Citigroup Profile

Citigroup Inc, a diversified financial service holding company, provides various financial product and services to consumers, corporations, governments, and institutions worldwide. It operates through five segments: Services, Markets, Banking, U.S. Personal Banking, and Wealth. The Services segment includes Treasury and Trade Solutions, which provides cash management, trade, and working capital solutions to multinational corporations, financial institutions, and public sector organizations; and Securities Services, such as cross-border support for clients, local market expertise, post-trade technologies, data solutions, and various securities services solutions.